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The Board of Regents consists of nine members serving staggered six-year terms, one elected from each of Colorado's seven congressional districts and two from the state at-large. The board is charged constitutionally with the general supervision of the university and the exclusive control and direction of all funds of and appropriations to the university, unless otherwise provided by law.

On Nov. 6, 2015, the Regents passed a resolution directing its Laws and Policies Committee to undertake a formal review of all Regent Laws and Policies. The review will be conducted with the principles of shared governance; will involve representatives from system administration, campus administration and shared governance; and may take up to two years to complete.